Focus Financial Network Inc. Acquires 793 Shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT)

Focus Financial Network Inc. boosted its holdings in shares of VanEck Morningstar Wide Moat ETF (BATS:MOAT) by 3.5% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 23,750 shares of the company’s stock after purchasing an additional 793 shares during the period. Focus Financial Network Inc.’s holdings in VanEck Morningstar Wide Moat ETF were worth $2,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at about $26,000. Mather Group LLC. acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 2nd quarter valued at about $32,000. Salomon & Ludwin LLC acquired a new stake in shares of VanEck Morningstar Wide Moat ETF in the 1st quarter valued at about $36,000. Cape Investment Advisory Inc. raised its stake in shares of VanEck Morningstar Wide Moat ETF by 93.8% in the 4th quarter. Cape Investment Advisory Inc. now owns 469 shares of the company’s stock valued at $40,000 after purchasing an additional 227 shares during the period. Finally, Global Trust Asset Management LLC raised its stake in shares of VanEck Morningstar Wide Moat ETF by 80.0% in the 1st quarter. Global Trust Asset Management LLC now owns 450 shares of the company’s stock valued at $40,000 after purchasing an additional 200 shares during the period.

VanEck Morningstar Wide Moat ETF Trading Down 0.2 %

Shares of MOAT traded down $0.23 during midday trading on Wednesday, hitting $92.52. The stock had a trading volume of 400,778 shares. The firm has a fifty day moving average of $88.25 and a 200 day moving average of $87.43. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 28.30 and a beta of 1.01.

VanEck Morningstar Wide Moat ETF Profile

The VanEck Morningstar Wide Moat ETF (MOAT) is an exchange-traded fund that is based on the Morningstar Wide Moat Focus 20 index. The fund tracks a staggered, equal-weighted index of 40 US companies that Morningstar determines to have the highest fair value among firms with a sustainable competitive advantage.